$BTC

Although many expected a very aggressive bullish acceleration after the breakout above the $75k neckline, it’s important to note that the setup has not been invalidated at all. On the contrary, price action continues to respect the core logic of the double bottom structure.

In classical technical analysis, when a double bottom confirms its neckline breakout, the first theoretical target is usually estimated using the depth of the pattern itself. And when you compare that with Bitcoin’s current structure, price has already respected - and even slightly exceeded - that projected move.

So the expectation of an explosive continuation mostly comes from optimism.

Because fundamentally, a double bottom mainly suggests two things:

> an impulsive move after the neckline breakout

> and a broader trend reversal structure

Meaning that after confirmation, the market is expected to progressively transition into a structure dominated by bullish momentum, while also not revisiting the two bottoms formed by the pattern. (Trend reversal)

And that still appears to be the case right now. 👀

From experience, the neckline of a confirmed double bottom often becomes a very strong support zone. And currently, Bitcoin price action seems to be reacting exactly like that around the $75K area, with downside momentum gradually exhausting near the neckline.

For now, I still think there’s a strong probability that BTC holds above the $73K zone before attempting another bullish acceleration.